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BPO orders up

By
Real Estate Agent with Brigitte Jones Properties 18947

BPO orders were up last week which usually means short sales are getting looked at or loan modifications. Also got a new REO assignment. Looks like it will be busy all month!

Posted by

Brigitte JonesĀ  360.909.0550

Comments(4)

Christine Hynes
American Capital Corporation - Laguna Beach, CA
Orange County Senior Loan Consultant

Brigitte - Will all these wonderful qualified buyers at there it seems like our inventory would be moving much quicker if the banks would move their short sale process faster.  Can you imagine if the banks approved a short sale, within reason of course in a few days and you could get your buyer or even seller off the market until they are ready to work with you again.

Dec 06, 2009 07:42 AM
Brigitte Jones
Brigitte Jones Properties - Vancouver, WA
Real Estate Broker And Agent Mentor

Oh it is going to happen in 2010 I am confident of it. From all of the information I am receiving from my national networking groups as well as the new act from Obama going into place April 2010,  I think we are going to see a turn around in bank cooperation. At least that is what I am hoping!!!

Dec 06, 2009 07:49 AM
Richard Mielke
RE/MAX Results - Gettysburg, PA
REALTOR, Gettysburg Pennsylvania Real Estate

BPO orders have been steady in my Maryland market, both for distressed and normal properties.

Dec 06, 2009 07:55 AM
Brigitte Jones
Brigitte Jones Properties - Vancouver, WA
Real Estate Broker And Agent Mentor

Thanks Richard - I always like to know what is happening in other markets as mine seems to follow similar pattern.

Dec 06, 2009 08:01 AM